What’s Your Competitive Advantage?
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What’s Your Competitive Advantage?

Every business owner wants a business of their dreams with lots of profits and cash flow. The problem is most business owners don’t follow a unified strategy to reach their business goals. It breaks my heart to see many business owners confused, frustrated and overwhelmed trying to figure out a strategy on how to drive revenue and…

Do You Know What Problems Your Business Solves?
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Do You Know What Problems Your Business Solves?

When you start imagining what your business could become, you dream up a wildly successful business with lots of cash flow and profitability, right? Nobody’s business fails in their wildest dreams. The problem is that most business owners don’t follow a unified strategy to reach these business goals. Left to our own devices, we generate more ideas than…

What are the Bottlenecks in Your Business?
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What are the Bottlenecks in Your Business?

Every business owner envisions a growing business, running smoothly without drama and having massive amounts of cash flow and profits. The problem is that with growth comes increasing complexity. Oftentimes, you need to add people and improve processes. Deciding not to add people and processes can create choke points in our business that cause it to become increasingly inefficient or…

You Can Do Anything, But Not Everything
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You Can Do Anything, But Not Everything

Many business owners struggle with delegation. We almost cringe just hearing the word. But without delegating tasks, people start to burn out and are unintentionally limiting their full potential. They become the chokepoint of their own business. It’s interesting that only 1% of businesses start to climb over $10 million in revenue. The number one…

What Does it Mean to be a Leader vs. Manager?
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What Does it Mean to be a Leader vs. Manager?

Every business owner wants to maximize cash flow and profitability.  But, one of the most common missteps they make is not having the right people in the right seats. Specifically, leaders and managers. This can cause confusion and frustration for staff, as well as management, when there are people in roles that don’t play to their…

Breathe Easier with a Cash Budget
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Breathe Easier with a Cash Budget

Cash is like oxygen to a business owner. It’s necessary. The struggle comes when business owners get confused and frustrated trying to manage the cash flow of their business. It shouldn’t be so hard to predict cash collections and then match expenses against that. But when growth happens, receivables go up and cash goes down because revenue lags…

Is Your Leverage Creeping Up on You?
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Is Your Leverage Creeping Up on You?

We’ve been talking about how running a business is like baking or cooking.  You need all the right ingredients, in the right proportions, cooked at the right temperature, for the right amount of time.  Every business owner wants a business that’s perfectly “cooked”, with lots of cash flow and profits and collecting receivables well. If you…

How to Stop Leaking Cash
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How to Stop Leaking Cash

We’ve been discussing how running your business is like following a recipe. You need the right ingredients in the right amounts in order for the dish to come out correctly. We’ve talked about profitability, which is a measure of profit relative to revenue. And we’ve also talked about activity, collecting your accounts receivable and turning inventory. The third ingredient…

How Good Are You at Collecting Money?
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How Good Are You at Collecting Money?

We’ve been talking about how running a business is like baking or cooking. You need all the right ingredients, in the right proportions, cooked at the right temperature, for the right amount of time.    Every business owner wants a business that’s “cooked” just right, with lots of cash flow and profits. You can read about the…

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